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July 19, 2021 Chemours breaks ground on $93 million mining facility in Clay County, Florida

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CLAY COUNTY, Fla., July 13, 2021 /PRNewswire/ -- The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions, recently held a groundbreaking ceremony for a new $93 million mining facility on land leased from Camp Blanding in Clay County, Florida.

The project will use mining technology that minimizes environmental impact and was recently deployed at the company's Jesup, Georgia mining site. The new facility will incorporate Mobile Mining Units (MMUs), allowing for reduced dependency on traditional dredge mining processes. The MMUs allow the site to have much lower emissions, reduced dust levels, and lower safety risk versus using traditional haul trucks. In addition, the Trail Ridge South mining operations will recycle 98% of the water used in the mineral transport and separation processes—providing sustainable solutions while still meeting Chemours' commitment to process minerals.

"We view our mining projects as an opportunity to showcase our ability to extract essential minerals with an environmentally conscious approach that protects the planet and local wildlife—consistent with our company's commitment to sustainability," said Stuart Forrester, Director of Minerals Operations for Chemours.

Expansion of its mining operations will allow Chemours to have additional access to high-quality concentrated deposits of titanium and zircon mineral sands used to produce its Ti-Pure™ brand of titanium dioxide (TiO₂). Minerals mined by Chemours contain the elements Titanium and Zirconium, which are included in the U.S. Department of the Interior's 2018 list of critical minerals as they are vital to the nation's security and economic prosperity. These critical minerals are produced in limited quantities domestically. Clay County and the surrounding region are a key domestic source of these critical minerals.

"The new funding for the mining operations expansion at Trail Ridge South in Florida's Third Congressional District will allow us to remain leaders in producing high-quality manufacturing components. Not only is this expansion a boon for economic development in the region, but the minerals mined here are vital to our national security and domestic production capabilities," said Congresswoman Kat Cammack (FL-03). "The Chemours team is also working hard to ensure this process is environmentally sustainable, restoring land back to its productive mining use, which ensures a safe, healthy, clean Florida for generations to come."

Chemours' mining expansion on Trail Ridge South in Starke, Florida, will create 50-75 new positions, with at or above average wages for Bradford and Clay Counties. Construction will begin in July 2021, with an anticipated start-up by the fourth quarter, 2022.

State Representative Bobby Payne of District 19 said the economic impact was significant. "I am looking forward to the positive impact that will be seen in not only Clay and Bradford Counties, but in Baker and Duval as well."

About The Chemours Company
The Chemours Company (Chemours or the Company) (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration, and air conditioning, transportation, semiconductor and consumer electronics, general industrial, mining and oil and gas. Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Nafion™, Krytox™, Teflon™, and Viton™. In 2019, Chemours was named to Newsweek's list of America's Most Responsible Companies. The company has approximately 6,500 employees and 30 manufacturing sites serving approximately 3,300 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.

Article written by The Chemours Company